Thinking of moving in with your significant other? Having a live-in partner while remaining unmarried is an increasingly common reality. As such, a kind of agreement has been developed to make sure the arrangement is beneficial to both parties. The cohabitation agreement is a contract designed to outline how property, assets, and debts are owned between two parties who agree to live together.
When drafting this sort of Agreement Template, note that it is meant to protect you from your partner’s debts while at the same time not preventing them from inheriting the property you own. It can be a tricky consideration. Here is a list of cohabitation contract samples to show you how it’s done.
Agreeing to live together is only step one of the process in a healthy, long-term relationship. As simple as you want it to be, there are some things you cannot escape addressing. The cohabitation agreement will help you make this partnership smooth sailing.
You will need a cohabitation agreement in these scenarios:
The law automatically protects personal and property interests of married couples, and this is not the case for unmarried couples or those unable to establish a legal union for whatever reason (applicable to both heterosexual and homosexual couples). The cohabitation agreement is then your solution.
Basically, it will help you to do any or all of these things:
In many ways, the cohabitation agreement will allow you to be legally treated as a married couple, especially if you seek to apply for a joint mortgage or child support.
These and others can also be downloaded as free references from our archives.
As said, these agreements can be tricky things to outline (but perhaps not as tricky as a Divorce Agreement Template).
By downloading and studying these samples, you should have a good understanding of your rights and possibilities and pave the way to a successful and prosperous cohabitation.